Long and Short-term Investments by European Banks – Trends Since the IASB Published IFRS 9

IF 3.1 3区 管理学 Q2 BUSINESS, FINANCE Australian Accounting Review Pub Date : 2022-11-20 DOI:10.1111/auar.12390
Edgar Löw, Marc Erkelenz
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引用次数: 2

Abstract

IFRS 9 was introduced by the IASB in 2014 with a mandatory application in 2018. Three years later the IASB started a post-implementation review project. Major concerns at a political level and from the (insurance) industry were raised about long-term investment strategies that appear less favourable due to new measurement categories and impairment rules. Furthermore, it was expected that the new rules on categorisation would create more profit or loss (P/L) volatility. We show that concerns about banks' decreasing maturity investment behaviour and increased profit or loss volatility since the publication of IFRS 9 in 2014 could not be verified until 2020. Additionally, banks hardly use the fair value option in practice, which suggests it can be abolished. Finally, the paper finds that the fair value through other comprehensive income option for equity instruments has almost no importance for banks. The IASB should, therefore, abolish this category as well. Hence, the measurement categories could be reduced by two categories reducing complexity and increasing the decision usefulness of financial instruments accounting rules for investors.

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欧洲银行的长期和短期投资-自IASB发布IFRS 9以来的趋势
国际财务报告准则第9号于2014年由国际会计准则理事会(IASB)引入,并于2018年强制应用。三年后,IASB启动了实施后复核项目。政治层面和(保险)行业的主要担忧是,由于新的计量类别和减值规则,长期投资策略似乎不那么有利。此外,预计新的分类规则将产生更多的损益(P/L)波动。我们表明,自2014年IFRS 9发布以来,对银行到期投资行为减少和损益波动性增加的担忧要到2020年才能得到验证。此外,银行在实践中很少使用公允价值期权,这表明它可以被废除。最后,本文发现通过其他综合收益期权对权益工具的公允价值对银行来说几乎不重要。因此,IASB也应该废除这一类别。因此,计量类别可以通过两个类别减少复杂性和增加金融工具会计规则对投资者的决策有用性。
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来源期刊
Australian Accounting Review
Australian Accounting Review BUSINESS, FINANCE-
CiteScore
6.30
自引率
17.60%
发文量
31
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